AMC Networks Inc. (NASDAQ:AMCX) Receives $8.50 Average Target Price from Analysts

Shares of AMC Networks Inc. (NASDAQ:AMCX) have been given a consensus recommendation of “Hold” by the three research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $8.50.

Several research firms recently commented on AMCX. Morgan Stanley lowered their target price on AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, November 12th. StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Seaport Res Ptn raised shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Royce & Associates LP lifted its stake in AMC Networks by 134.0% during the third quarter. Royce & Associates LP now owns 145,788 shares of the company’s stock worth $1,267,000 after purchasing an additional 83,476 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of AMC Networks by 163.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 89,474 shares of the company’s stock worth $778,000 after buying an additional 55,565 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in shares of AMC Networks by 361.2% in the 2nd quarter. WINTON GROUP Ltd now owns 93,486 shares of the company’s stock valued at $903,000 after buying an additional 73,216 shares in the last quarter. Koss Olinger Consulting LLC purchased a new position in shares of AMC Networks in the 2nd quarter valued at $1,569,000. Finally, Squarepoint Ops LLC raised its stake in AMC Networks by 194.0% during the 2nd quarter. Squarepoint Ops LLC now owns 124,174 shares of the company’s stock worth $1,200,000 after acquiring an additional 81,937 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

AMC Networks Stock Up 1.3 %

Shares of AMCX opened at $9.37 on Monday. The company’s 50-day simple moving average is $8.89 and its 200-day simple moving average is $9.65. The company has a debt-to-equity ratio of 2.03, a quick ratio of 2.32 and a current ratio of 2.32. AMC Networks has a 1 year low of $7.08 and a 1 year high of $19.55. The stock has a market capitalization of $413.41 million, a PE ratio of 14.87 and a beta of 1.34.

AMC Networks (NASDAQ:AMCX) last released its earnings results on Friday, November 8th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.29. The company had revenue of $599.60 million for the quarter, compared to analyst estimates of $587.12 million. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.85 EPS. Analysts forecast that AMC Networks will post 4.09 earnings per share for the current fiscal year.

AMC Networks Company Profile

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.